Like many businesses, university endowments and state pension funds are stretched thin, short on staff and more in need than ever of good research to guide their investing.
A venture capitalist has started a new fund of funds to help these institutional investors — known in the industry as limited partners — to outsource their investing in venture capital and other types of funds.
The formation of the new fund, called Cendana Capital, was announced Monday by Michael Kim, a founder of the venture capital firm Rustic Canyon Partners. For the past few years, he has also been chairman of the investment committee of a $13 billion San Francisco pension fund, so he knows first-hand the challenges of investing in this economy.
Original Article: A Venture Capitalist Begins a Fund of Funds - Bits Blog - NYTimes.com
